Okay – so let’s be clear on what a “board of directors” is. According to Wikipedia, “A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. The body sometimes has a different name, such as board of governors, board of managers, board of regents, board of trustees, board of visitors, or executive board. It is often simply referred to as “the board.”
All right – that’s done… so, let’s try to answer the question: Does a startup need a board of directors? The answer is… it depends. To be more clear – it depends on what stage the “company” is in specifically relating to its idea or product.
Continue reading “Does my company need a Board of Directors?”
I came across a great article by Richard Rumelt, Professor of Business and Society at the UCLA Anderson School of Management titled: “The Perils of Bad Strategy”. It’s a great read that discusses the impact of bad strategy and how, unfortunately, many organizations (and their leaders) believe that they have a strategy when they really don’t.
Continue reading “The Art (behind) Strategy…”
Recently, I was fortunate enough to hear Guy Kawasaki speak about his new book, Enchantment. For those of you who don’t know who Guy Kawasaki is, he’s a local Silicon Valley guy who’s done many things including having written 10 great books. His un-official bio reads as VC, start-up, and author.
It was a pleasure for me to hear Guy talk about his new venture and trust you too will enjoy it.
For starters, it’s good to be back on the blogging scene. I spent most of May traveling to Asia (Hong Kong, China, and Bangkok) getting an whirlwind overview on their economies, doing business in these booming markets, and what we can expect over the next few years. Needless to say it was a great education…
Now… back to the topic at hand. To clarify when I say “Blue is the new Black”, I’m not referring to fashion – in fact, I’m the last person that should be writing about that topic! I’m talking about business… in accounting slang, it’s understood that when your business is operating in the “black”, the company is actually operating above the bottom line – in other words, doing well. Conversely, when the company is operating in the “red”, it means the company is on fire and may need to be saved (or shut down – depending on which is more prudent). Continue reading “Blue is the new Black!”
Of the many decisions a start-up company founder has to make, “to sell or not to sell” ranks right at the top of the list. With the underlying assumption that the founder has arrived at this point because the company is doing great (or on the verge thereof), not only is this is a good problem to have, but it can mark a critical point in not on the entrepreneur’s life but also in the company’s legacy. Selling at the right time to the right partner could bring tremendous value to both the start-up, acquiring company, employees, and shareholders. Continue reading “Yes, No, Maybe So?”
You may have heard about StartupVisa – a movement that seeks to change the current EB-5 visa (immigrant investor) guidelines. To summarize, “Under the proposed legislation, instead of the visa going to an investor, a startup company founder or entrepreneur who receives a minimum equity investment of $250,000 could qualify as an EB-5 visa recipient. At least $100,000 would have to come from a sponsoring US investing entity.” To say that this movement is critical to the entrepreneurial and further economic development of the US would be an understatement! Continue reading “Entrepreneurs Wanted – Apply Within”